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The Applied General-Equilibrium Program of the ENSAE’s Band

Author

Listed:
  • Romain Plassard

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique, LEDa - Laboratoire d'Economie de Dauphine - IRD - Institut de Recherche pour le Développement - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

Abstract

What was driving the estimation of general-equilibrium models with rationing (GEMR)? Our article explores this issue by focusing on the research led by a group of French econometricians aka the "ENSAE's Band" (named in reference to the National School of Statistics and Economic Administration). We show that the estimation of GEMR aimed to empirically discriminate between equilibrium and disequilibrium macroeconomics and provide a policyanalysis tool. Since both projects required addressing the microfoundations ofmacroeconomics, our article also shows that there was an applied side to what Kevin D. Hoover called the "general-equilibrium program" (2012).

Suggested Citation

  • Romain Plassard, 2024. "The Applied General-Equilibrium Program of the ENSAE’s Band," Working Papers hal-04682645, HAL.
    • Handle: RePEc:hal:wpaper:hal-04682645
    Note: View the original document on HAL open archive server: https://hal.science/hal-04682645v1
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